Food Additives Market Size, Share, Industry Report, 2030

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Food Additives Market Analysis Plant Capacity,
Production, Operating Efficiency, Demand
Supply, End-User Industries, Distribution
Channel, Regional Demand, 2015-2030
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Food Additives demand stood at 1.36 Million
Tonnes in 2020 and is forecast to reach 2.45
Million Tonnes by 2030, growing at a healthy CAGR
of 5.75 until 2030. Food Additives are chemicals
that are added to food items to impart specific
properties to the food product. Food Additives
can enhance several properties of food, including
shelf life, lowering contamination, appearance,
and appeal, and overall food safety. Food
Additives are of various types including
acidulants, emulsifiers, colors, flavors,
hydrocolloids, preservatives, and
sweeteners.  Due to their property-enhancing
capabilities, Food Additives find application in
various types of food products, including bakery
and confectionary, beverages, dairy, and frozen
desserts, spices, condiments, sauces and
dressings, and others. Growing population and
food requirements coupled with changing
lifestyles and preferences for packaged food are
expected to drive the demand for Food Additives
for the forecast period. Moreover, the increasing
number of working women worldwide is also another
factor propelling demand growth of packaged food,
thus growing the demand for Food Additives.  In
2020, the spread of COVID-19 in major global
economies caused nationwide lockdowns, which had
an impact on several industries. The food
industry was among the least affected industries
during the pandemic. In fact, during the
pandemic, there was a surge in the demand for
packaged food, which impacted the demand for Food
Additives for the first half of 2020. The demand
for Food Additives grew during the coronavirus
pandemic. Along with the online delivery systems,
many businesses expanded over the online
platform, and with the ease of access and surety
of all the health checks done and confirmed,
consumers were inclined to purchase the packaged
food from the online platforms that influenced
the production of the snack items and other
products in abundance and thereby aided to the
growth of the global Food Additives market in the
upcoming ten years.
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• Regional Outlook
• Region-wise, the Asia Pacific region holds the
  major share of global demand for Food Additives
  due to increasing population and food security
  requirements in emerging economies like India and
  China. Moreover, increasing preference towards
  packaged food coupled with a growing number of
  food industries using Food Additives is another
  factor influencing demand growth in the Asia
  Pacific region.
•  
• Major Players
• BASF
• DuPont
• Cargill
• Archer Daniels
• Adani Wilmer
• Midland Company
• Ajinomoto
• Hansen Holding A/S
• Kerry Group Plc
• Kerry Group
• Evonik Industries AG
• Tate Lyle PLC
• Novozymes A/S, etc.